Cash is Still a Constant for US Consumers

LISLE, Ill.–(BUSINESS WIRE)–Despite the rise of electronic, mobile and contactless payments, physical currency remains a favored choice for US consumers, a new report from GLORY, a global leader in cash technology solutions, reveals.

Original global research from the ‘In cash consumers trust. But how do retailers make it pay?’ Report, which polled 1,500 consumers in the US, UK, and Australia, found that 48% still use cash on a daily basis, with those aged between 16 and 44 more likely to use cash on a frequent basis than older demographics aged over 45 (45% vs 42%).